Business Update11 Sept 2024, 05:11 pm
CEAT Ltd. Commences Commercial Production of Truck and Bus Radial Line in Tamil Nadu Plant
AI Summary
CEAT Ltd. has announced the commencement of commercial production of its Truck and Bus Radial (TBR) production line at its Kannanthangal Village plant in Tamil Nadu. The company expects to reach a capacity of 1,500 tyres per day in the next 12 months. This announcement comes under the Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- CEAT Ltd. has started the commercial production of its TBR production line in Tamil Nadu.
- The Kannanthangal Village plant is the location of this new production line.
- The company aims to reach a capacity of 1,500 tyres per day in the next 12 months.
- This announcement is in compliance with the Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The company's policy for determining materiality of events has been followed in this disclosure.